ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
26 Dec 2024 04:10 PM IST
Max Pain for ICICIBANK is 1300
Strike 1080 has a total call value of 0 versus a total put value of 140,344,400,000 Combined total value = 140,344,400,000
Strike 1090 has a total call value of 0 versus a total put value of 133,123,200,000 Combined total value = 133,123,200,000
Strike 1100 has a total call value of 0 versus a total put value of 125,902,000,000 Combined total value = 125,902,000,000
Strike 1110 has a total call value of 18,200,000 versus a total put value of 118,702,500,000 Combined total value = 118,720,700,000
Strike 1120 has a total call value of 36,400,000 versus a total put value of 111,503,000,000 Combined total value = 111,539,400,000
Strike 1130 has a total call value of 63,700,000 versus a total put value of 104,328,700,000 Combined total value = 104,392,400,000
Strike 1140 has a total call value of 91,000,000 versus a total put value of 97,154,400,000 Combined total value = 97,245,400,000
Strike 1150 has a total call value of 118,300,000 versus a total put value of 90,008,800,000 Combined total value = 90,127,100,000
Strike 1160 has a total call value of 145,600,000 versus a total put value of 82,863,200,000 Combined total value = 83,008,800,000
Strike 1170 has a total call value of 172,900,000 versus a total put value of 75,828,200,000 Combined total value = 76,001,100,000
Strike 1180 has a total call value of 200,200,000 versus a total put value of 68,821,200,000 Combined total value = 69,021,400,000
Strike 1190 has a total call value of 227,500,000 versus a total put value of 61,904,500,000 Combined total value = 62,132,000,000
Strike 1200 has a total call value of 254,800,000 versus a total put value of 55,033,300,000 Combined total value = 55,288,100,000
Strike 1210 has a total call value of 366,800,000 versus a total put value of 48,961,500,000 Combined total value = 49,328,300,000
Strike 1220 has a total call value of 478,800,000 versus a total put value of 42,925,400,000 Combined total value = 43,404,200,000
Strike 1230 has a total call value of 590,800,000 versus a total put value of 37,043,300,000 Combined total value = 37,634,100,000
Strike 1240 has a total call value of 722,400,000 versus a total put value of 31,347,400,000 Combined total value = 32,069,800,000
Strike 1250 has a total call value of 876,400,000 versus a total put value of 25,898,600,000 Combined total value = 26,775,000,000
Strike 1260 has a total call value of 1,070,300,000 versus a total put value of 21,095,200,000 Combined total value = 22,165,500,000
Strike 1270 has a total call value of 1,335,600,000 versus a total put value of 16,834,300,000 Combined total value = 18,169,900,000
Strike 1280 has a total call value of 1,645,000,000 versus a total put value of 12,811,400,000 Combined total value = 14,456,400,000
Strike 1290 has a total call value of 2,139,200,000 versus a total put value of 9,359,000,000 Combined total value = 11,498,200,000
Strike 1300 has a total call value of 2,856,000,000 versus a total put value of 6,232,800,000 Combined total value = 9,088,800,000
Strike 1310 has a total call value of 4,883,200,000 versus a total put value of 4,586,400,000 Combined total value = 9,469,600,000
Strike 1320 has a total call value of 7,305,200,000 versus a total put value of 3,257,100,000 Combined total value = 10,562,300,000
Strike 1330 has a total call value of 10,609,200,000 versus a total put value of 2,194,500,000 Combined total value = 12,803,700,000
Strike 1340 has a total call value of 14,280,000,000 versus a total put value of 1,318,100,000 Combined total value = 15,598,100,000
Strike 1350 has a total call value of 18,539,500,000 versus a total put value of 816,200,000 Combined total value = 19,355,700,000
Strike 1360 has a total call value of 23,578,800,000 versus a total put value of 624,400,000 Combined total value = 24,203,200,000
Strike 1370 has a total call value of 29,197,700,000 versus a total put value of 499,100,000 Combined total value = 29,696,800,000
Strike 1380 has a total call value of 35,152,600,000 versus a total put value of 394,800,000 Combined total value = 35,547,400,000
Strike 1390 has a total call value of 41,654,900,000 versus a total put value of 309,400,000 Combined total value = 41,964,300,000
Strike 1400 has a total call value of 48,224,400,000 versus a total put value of 224,000,000 Combined total value = 48,448,400,000
Strike 1410 has a total call value of 55,673,800,000 versus a total put value of 201,600,000 Combined total value = 55,875,400,000
Strike 1420 has a total call value of 63,171,500,000 versus a total put value of 179,200,000 Combined total value = 63,350,700,000
Strike 1430 has a total call value of 70,890,400,000 versus a total put value of 156,800,000 Combined total value = 71,047,200,000
Strike 1440 has a total call value of 78,681,400,000 versus a total put value of 134,400,000 Combined total value = 78,815,800,000
Strike 1450 has a total call value of 86,632,000,000 versus a total put value of 112,000,000 Combined total value = 86,744,000,000
Strike 1460 has a total call value of 94,789,100,000 versus a total put value of 89,600,000 Combined total value = 94,878,700,000
Strike 1470 has a total call value of 103,044,900,000 versus a total put value of 67,200,000 Combined total value = 103,112,100,000
Strike 1480 has a total call value of 111,300,700,000 versus a total put value of 44,800,000 Combined total value = 111,345,500,000
Strike 1490 has a total call value of 119,610,400,000 versus a total put value of 22,400,000 Combined total value = 119,632,800,000
Strike 1500 has a total call value of 127,920,100,000 versus a total put value of 0 Combined total value = 127,920,100,000
Strike 1510 has a total call value of 136,484,600,000 versus a total put value of 0 Combined total value = 136,484,600,000
Strike 1520 has a total call value of 145,049,100,000 versus a total put value of 0 Combined total value = 145,049,100,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 413.25 | 430 |
| ABB | 6945.3 | 7100 |
| ABBOTINDIA | 28597 | 28000 |
| ABCAPITAL | 184.35 | 200 |
| ABFRL | 282.3 | 300 |
| ACC | 2087.65 | 2400 |
| ADANIENSOL | 792.3 | 800 |
| ADANIENT | 2400.25 | 2800 |
| ADANIGREEN | 1064.25 | 1080 |
| ADANIPORTS | 1243.95 | 1220 |
| ALKEM | 5408.6 | 5500 |
| AMBUJACEM | 548.8 | 600 |
| ANGELONE | 2903.95 | 2950 |
| APLAPOLLO | 1497.2 | 1500 |
| APOLLOHOSP | 7261.15 | 7300 |
| APOLLOTYRE | 542.25 | 530 |
| ASHOKLEY | 220.14 | 225 |
| ASIANPAINT | 2262.4 | 2320 |
| ASTRAL | 1671.5 | 1800 |
| ATGL | 672 | 700 |
| ATUL | 7097.35 | 7200 |
| AUBANK | 548.3 | 560 |
| AUROPHARMA | 1256.25 | 1260 |
| AXISBANK | 1076.7 | 1100 |
| BAJAJ-AUTO | 8878.5 | 9000 |
| BAJAJFINSV | 1559.3 | 1600 |
| BAJFINANCE | 6815.75 | 7000 |
| BALKRISIND | 2824.7 | 2850 |
| BANDHANBNK | 161.47 | 170 |
| BANKBARODA | 246.68 | 255 |
| BANKINDIA | 103.17 | 105 |
| BATAINDIA | 1350.45 | 1400 |
| BEL | 295.2 | 300 |
| BERGEPAINT | 441 | 450 |
| BHARATFORG | 1314.25 | 1340 |
| BHARTIARTL | 1599.5 | 1600 |
| BHEL | 241.75 | 250 |
| BIOCON | 346.45 | 345 |
| BOSCHLTD | 34190.1 | 35000 |
| BPCL | 295.6 | 300 |
| BRITANNIA | 4761.65 | 4800 |
| BSE | 5442.35 | 5400 |
| BSOFT | 570.25 | 600 |
| CAMS | 4964 | 5000 |
| CANBK | 101.03 | 104 |
| CANFINHOME | 723.95 | 760 |
| CDSL | 1806.65 | 1860 |
| CESC | 184.82 | 185 |
| CGPOWER | 743.75 | 730 |
| CHAMBLFERT | 500.4 | 500 |
| CHOLAFIN | 1189.35 | 1200 |
| CIPLA | 1490.55 | 1500 |
| COALINDIA | 386.6 | 405 |
| COFORGE | 9493.25 | 9400 |
| COLPAL | 2719.2 | 2800 |
| CONCOR | 776.35 | 830 |
| COROMANDEL | 1845.05 | 1840 |
| CROMPTON | 393.6 | 400 |
| CUB | 173.54 | 177.5 |
| CUMMINSIND | 3364.25 | 3300 |
| CYIENT | 1928.35 | 1900 |
| DABUR | 505.6 | 510 |
| DALBHARAT | 1738.55 | 1800 |
| DEEPAKNTR | 2571.25 | 2700 |
| DELHIVERY | 350.95 | 350 |
| DIVISLAB | 5886.75 | 5800 |
| DIXON | 18038.15 | 18000 |
| DLF | 838.7 | 850 |
| DMART | 3511.65 | 3500 |
| DRREDDY | 1355.15 | 1350 |
| EICHERMOT | 4801.35 | 4800 |
| ESCORTS | 3151.1 | 3300 |
| EXIDEIND | 418.3 | 440 |
| FEDERALBNK | 197.68 | 200 |
| GAIL | 197.63 | 200 |
| GLENMARK | 1541.45 | 1540 |
| GMRAIRPORT | 79.04 | 84 |
| GMRINFRA | 0 | 32 |
| GNFC | 575.5 | 600 |
| GODREJCP | 1071.2 | 1100 |
| GODREJPROP | 2855.75 | 2900 |
| GRANULES | 592.95 | 590 |
| GRASIM | 2482.05 | 2600 |
| GUJGASLTD | 509 | 510 |
| HAL | 4229.2 | 4400 |
| HAVELLS | 1676.4 | 1700 |
| HCLTECH | 1900.75 | 1900 |
| HDFCAMC | 4269.45 | 4300 |
| HDFCBANK | 1790.75 | 1800 |
| HDFCLIFE | 626.4 | 630 |
| HEROMOTOCO | 4275 | 4400 |
| HFCL | 114.67 | 115 |
| HINDALCO | 628.75 | 640 |
| HINDCOPPER | 263.2 | 270 |
| HINDPETRO | 419.3 | 410 |
| HINDUNILVR | 2332.75 | 2400 |
| HUDCO | 227.58 | 240 |
| ICICIBANK | 1297.35 | 1300 |
| ICICIGI | 1861.15 | 2000 |
| ICICIPRULI | 668.1 | 660 |
| IDEA | 7.56 | 8 |
| IDFCFIRSTB | 61.75 | 65 |
| IEX | 180.17 | 185 |
| IGL | 390.5 | 390 |
| INDHOTEL | 868.3 | 860 |
| INDIAMART | 2231.5 | 2300 |
| INDIANB | 543.8 | 550 |
| INDIGO | 4725 | 4600 |
| INDUSINDBK | 931.95 | 980 |
| INDUSTOWER | 332.35 | 350 |
| INFY | 1907.4 | 1940 |
| IOC | 137.85 | 145 |
| IPCALAB | 1594.4 | 1600 |
| IRB | 55.87 | 55 |
| IRCTC | 782.4 | 820 |
| IRFC | 146.89 | 145 |
| ITC | 476.95 | 480 |
| JINDALSTEL | 941.35 | 950 |
| JIOFIN | 305.55 | 320 |
| JKCEMENT | 4595 | 4500 |
| JSL | 733.85 | 740 |
| JSWENERGY | 636.5 | 650 |
| JSWSTEEL | 914.45 | 940 |
| JUBLFOOD | 703.9 | 700 |
| KALYANKJIL | 726.45 | 720 |
| KEI | 4320.25 | 4300 |
| KOTAKBANK | 1752.8 | 1800 |
| KPITTECH | 1452.2 | 1420 |
| LALPATHLAB | 2954.55 | 3000 |
| LAURUSLABS | 570.6 | 570 |
| LICHSGFIN | 588.2 | 610 |
| LICI | 891.9 | 920 |
| LODHA | 1414.05 | 1400 |
| LT | 3629.5 | 3700 |
| LTF | 136.82 | 140 |
| LTIM | 5752.35 | 5900 |
| LTTS | 4668.05 | 4800 |
| LUPIN | 2182.1 | 2180 |
| M&M | 2975.65 | 3000 |
| M&MFIN | 265.6 | 275 |
| MANAPPURAM | 184.29 | 180 |
| MARICO | 632.6 | 630 |
| MARUTI | 10896 | 11000 |
| MAXHEALTH | 1155.7 | 1100 |
| MCX | 6352.65 | 6400 |
| METROPOLIS | 2028.1 | 2100 |
| MFSL | 1114.2 | 1120 |
| MGL | 1238.95 | 1260 |
| MOTHERSON | 156.4 | 162.5 |
| MPHASIS | 2908.45 | 3000 |
| MRF | 131204.2 | 130000 |
| MUTHOOTFIN | 2062.5 | 2040 |
| NATIONALUM | 217.07 | 220 |
| NAUKRI | 8667.5 | 8600 |
| NAVINFLUOR | 3326.3 | 3500 |
| NCC | 284.5 | 300 |
| NESTLEIND | 2149.9 | 2200 |
| NHPC | 82.04 | 85 |
| NMDC | 214.45 | 230 |
| NTPC | 334.65 | 350 |
| NYKAA | 160.85 | 160 |
| OBEROIRLTY | 2322.65 | 2300 |
| OFSS | 12279.6 | 12250 |
| OIL | 427.05 | 440 |
| ONGC | 240.25 | 250 |
| PAGEIND | 47083.35 | 48000 |
| PAYTM | 1002.35 | 980 |
| PEL | 1098.45 | 1100 |
| PERSISTENT | 6395.8 | 6300 |
| PETRONET | 344.75 | 340 |
| PFC | 463.25 | 470 |
| PIDILITIND | 2932.45 | 3000 |
| PIIND | 3746 | 3800 |
| PNB | 102.16 | 105 |
| POLICYBZR | 2037.2 | 2050 |
| POLYCAB | 7144.6 | 7200 |
| POONAWALLA | 320.45 | 320 |
| POWERGRID | 310.3 | 320 |
| PRESTIGE | 1751.8 | 1750 |
| PVRINOX | 1336.85 | 1380 |
| RAMCOCEM | 976.55 | 1000 |
| RBLBANK | 162.41 | 160 |
| RECLTD | 519.1 | 520 |
| RELIANCE | 1216.55 | 1270 |
| SAIL | 117.59 | 125 |
| SBICARD | 679.2 | 700 |
| SBILIFE | 1409.05 | 1420 |
| SBIN | 812.45 | 830 |
| SHREECEM | 26342.7 | 26000 |
| SHRIRAMFIN | 2926.9 | 3000 |
| SIEMENS | 6705.55 | 6800 |
| SJVN | 108.87 | 115 |
| SONACOMS | 593.55 | 600 |
| SRF | 2262.15 | 2300 |
| SUNPHARMA | 1841.35 | 1820 |
| SUNTV | 686.45 | 720 |
| SUPREMEIND | 4756.55 | 5000 |
| SYNGENE | 846.6 | 850 |
| TATACHEM | 1057.65 | 1080 |
| TATACOMM | 1733.35 | 1760 |
| TATACONSUM | 900.95 | 920 |
| TATAELXSI | 6896.2 | 7000 |
| TATAMOTORS | 740.8 | 760 |
| TATAPOWER | 404.3 | 420 |
| TATASTEEL | 140.36 | 147.5 |
| TCS | 4169.1 | 4250 |
| TECHM | 1698.7 | 1720 |
| TIINDIA | 3636.9 | 3600 |
| TITAN | 3323.05 | 3400 |
| TORNTPHARM | 3421.35 | 3400 |
| TRENT | 7063.7 | 7000 |
| TVSMOTOR | 2438.55 | 2500 |
| UBL | 2015.1 | 2000 |
| ULTRACEMCO | 11460.65 | 11500 |
| UNIONBANK | 119.05 | 120 |
| UNITDSPR | 1566.95 | 1560 |
| UPL | 499.65 | 520 |
| VBL | 624.1 | 630 |
| VEDL | 460.45 | 480 |
| VOLTAS | 1711.3 | 1740 |
| WIPRO | 305.05 | 300 |
| YESBANK | 19.8 | 20 |
| ZOMATO | 273.2 | 250 |
| ZYDUSLIFE | 957.65 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
